Kuwait Airways has been mismanaged for years, operating like a government ministry with bottomless financial resources rather than a business designed to turn a profit, leaving the airline drowning in crushing debt. With an Amiri Decree being approved by Kuwaiti National Assembly to finally privatize Kuwait Airways, on the 23rd of January 2013, investors have…
Just over five years ago, back on the 9th of January 2008 Kuwait’s National Assembly approved the privatization of Kuwait Airways … and if this line sounds familiar, it is because I wrote it word for word on the 5th of May 2011 … now on the 23rd of January 2013 Kuwait’s National Assembly approved…
Just over a month after Kuwait Airways’ fiscal year began, when the airline was expected to be privatized, however Kuwait’s National Assembly is once again stumbling to finalize moving Kuwait Airways into the private sector. Back on the 9th of January 2008 Kuwait’s National Assembly approved the privatization of Kuwait Airways. Originally the airline…
